Birdwatch Archive

Birdwatch Note Rating

2023-03-11 18:16:39 UTC - HELPFUL

Rated by Participant: 569670FED806013C72261D7082BAB22B6374452C7F187E1240A04F6B7273EF83
Participant Details

Original Note:

Silicon Valley Bank collapsed due to excessive customer withdrawals, or a "run on the bank", due rising interest rates from The Fed and decreased risk tolerance from investors. No one besides Mr. Kirk, including the bank or regulators, are saying DEI efforts caused this. https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/ https://www.theguardian.com/us-news/2023/mar/10/silicon-valley-bank-collapse-explainer

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All Information

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